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Refinancing your home loan can lower your interest rate, but how much does it cost to refinance a home loan? There are lots of things involved in home refinancing process which includes mortgage application fee, property valuation fee, discharge fee, break cost, settlement fee, mortgage registration fees, exit fees, and time and effort.
According to the ACCC (Australian Competition and Consumer Commission), the average borrower could save $17,000 in interest simply by refinancing their home loans. The costs of refinancing a home loan can be straightforward, particularly if you work with a reputable mortgage broker.
